Category «Economy»

AI in Finance and Banking, January 15, 2025

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: Wall Street Faces 200,000 Job Cuts as AI Transforms the Workforce; Can We Statically Locate Knowledge in Large Language Models? Financial Domain and Toxicity Reduction Case Studies; AI Financial Advisers Target Young People Living Paycheck to Paycheck; How AI is changing banking jobs: Rise of the ‘AI whisperer’; Your AI credit models are fine, but their training data is problematic; and Great Southern loan officers use gen AI to ‘chat’ with data.

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Subjects: AI in Banking and Finance, Economy, Education

Pete Recommends – Weekly highlights on cyber security issues, January 11, 2025

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: A Day in the Life of a Prolific Voice Phishing Crew; 33 Chrome extensions that have been found to have malware; Experian Conducted ‘Sham Investigations’ Into Errors in Its Credit Reports; and Lie About Your Birthday.

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Subjects: AI, Cybersecurity, Economy, Financial System, Privacy, Social Media

Pete Recommends – Weekly highlights on cyber security issues, December 28, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Five highlights from this week: Consumer Financial Protection Bureau sued the operator of Zelle, as well as Bank of America, JPMorgan Chase and Wells Fargo “for failing to protect consumers from widespread fraud” at the payment provider; You Need to Create a Secret Password With Your Family; North Korean Hackers Deploy OtterCookie Malware in Contagious Interview Campaign; How to block Chrome from signing you into a Google account automatically; and Mobile Phishing Attacks Use New Tactic to Bypass Security Measures.

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Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Legal Research, Privacy, Search Engines

No flood gauges, no warning: 99% of US streams are off the radar amid rising flash flood risks – we saw the harm in 2024

Flooding is one of the deadliest and costliest natural disasters in the U.S., causing billions of dollars in damage each year. In 2024 alone, floods destroyed homes in over a dozen states and claimed more than 165 lives. Julie Arbit, Brad Bottoms and Branko Kerkez identify how thesedisasters underscore the importance of fast, accurate flood warnings. They’re also a reminder that extensive gaps still exist in the systems that monitor U.S. stream levels.

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Subjects: Disaster Planning, Economy, Energy, Environmental Law, Financial System

Pete Recommends – Weekly highlights on cyber security issues, December 21, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: The Breachies 2024: The Worst, Weirdest, Most Impactful Data Breaches of the Year; Lawmakers tell Apple, Google to prepare for TikTok ban; CISA lays out how agencies, industry should respond to major cyber incidents; and Warning: A New Scam Targets Consumers with Unsolicited Gifts and Malicious QR Codes.

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Subjects: Cybercrime, Cybersecurity, Economy, Financial System, Social Media

AI in Finance and Banking – December 16, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government documents, NGO/IGO papers, conferences, industry white papers and reports, academic papers and speeches, and central bank actions on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Five highlights from this post: Generative artificial intelligence and cyber security in central banking; Research: How Gen AI Is Already Impacting the Labor Market; Wall Street’s AI-powered rally risks ‘correction’, Vanguard warns; Regulating AI in the financial sector: recent developments and main challenges; Large language models: a primer for economists; and AI and the Labor Market: Will Firms Hire, Fire, or Retrain?

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Subjects: AI in Banking and Finance, Cybersecurity, Economy, Education, Legal Research

Pete Recommends – Weekly highlights on cyber security issues, November 30, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: Surveillance Self-Defense Tips, Tools and How-tos for Safer Online Communications; Australia Makes History With Social Media Ban for Under 16s; Crypto companies are losing ground to deepfake attacks; and Coast Guard adds new cyber requirements for ship-to-shore cranes.

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Subjects: Cryptocurrency, Cybercrime, Cyberlaw, Cybersecurity, Economy, Privacy, Social Media

The New Administration: A Boon for Investigative Journalism

This commentary by Michael Ravnitzky highlights the critical period ahead for investigative journalism under the new presidential administration. Controversial stances and policy shifts will provide many more opportunities than usual for journalists to uncover and report on critical issues, ensuring that the administration’s actions are thoroughly examined and the public remains well-informed.

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Subjects: Economy, Financial System, Legal Research, United States Law

Pete Recommends – Weekly highlights on cyber security issues, October 19, 2024

Privacy and cybersecurity issues impact every aspect of our lives – home, work, travel, education, finance, health and medical records – to name but a few. On a weekly basis Pete Weiss highlights articles and information that focus on the increasingly complex and wide ranging ways technology is used to compromise and diminish our privacy and online security, often without our situational awareness. Four highlights from this week: US Government Recovered $4 Billion Worth of Fraud With AI; Deepfakes Can Fool Facial Recognition on Crypto Exchanges; FTC announces rule to make it easier to cancel subscriptions; There’s Never Been a Better Time to Delete Your 23andMe Data. Here’s How to Do It; and For Customs and Border Protection, AI has been a ‘game-changer’

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Subjects: AI, Blockchain, Cryptocurrency, Cybersecurity, Economy, Financial System

AI in Finance and Banking, October 15, 2024

This semi-monthly column by Sabrina I. Pacifici highlights news, government reports, NGO/IGO papers, industry white papers, academic papers and speeches on the subject of AI’s fast paced impact on the banking and finance sectors. The chronological links provided are to the primary sources, and as available, indicate links to alternate free versions. Six highlights from this post: FSB Roundtable on Artificial Intelligence (AI) in Finance; Mastercard Blockchain Patent Could Make Financial Audits Easier; Artificial Intelligence (AI) and Management Accountants (MA) – Future of AIMA Model; Financial Machine Learning; The Office of the Comptroller of the Currency (OCC) is soliciting academic research papers on the use of artificial intelligence in banking and finance; and upcoming seminar – How technology is reshaping the future of money and finance.

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Subjects: AI in Banking and Finance, Blockchain, Economy, Financial System, Legal Education, Legal Research
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